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An Overview of Sports Betting Regulation in the United States

Author

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  • Brad R. Humphreys

    (West Virginia University, Department of Economics)

Abstract

The United States employs an ad hoc, unconventional method of regulating sports betting, banning it almost everywhere while granting a monopoly to firms in a single state, Nevada. This approach encourages illegal sports betting markets, ignores negative externalities, and generates welfare losses among the large population of responsible recreational gamblers. I review the current state of sports betting regulation in the U.S. and assess its economic viability in advance of the Supreme Court of the United States decision on the landmark Christie v. National Collegiate Athletic Association case.

Suggested Citation

  • Brad R. Humphreys, 2017. "An Overview of Sports Betting Regulation in the United States," Working Papers 17-31, Department of Economics, West Virginia University.
    • Handle: RePEc:wvu:wpaper:17-31
    as

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    File URL: http://busecon.wvu.edu/phd_economics/pdf/17-31.pdf
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    References listed on IDEAS

    as
    1. Humphreys, Brad R. & Paul, Rodney J. & Weinbach, Andrew P., 2013. "Consumption benefits and gambling: Evidence from the NCAA basketball betting market," Journal of Economic Psychology, Elsevier, vol. 39(C), pages 376-386.
    2. David Forrest, 2003. "Sport and Gambling," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(4), pages 598-611, Winter.
    3. Strumpf, Koleman, 2003. "Illegal Sports Bookmakers," Working Papers 181, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    4. Conlisk, John, 1993. "The Utility of Gambling," Journal of Risk and Uncertainty, Springer, vol. 6(3), pages 255-275, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    sports betting; PASPA; UIEGA;
    All these keywords.

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Z21 - Other Special Topics - - Sports Economics - - - Industry Studies

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